Hexagon Capital Partners LLC Lowers Stock Holdings in RTX Co. (NYSE:RTX)

Hexagon Capital Partners LLC lessened its position in RTX Co. (NYSE:RTX) by 68.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 662 shares of the company’s stock after selling 1,416 shares during the quarter. Hexagon Capital Partners LLC’s holdings in RTX were worth $65,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RTX. Bear Mountain Capital Inc. acquired a new position in shares of RTX in the fourth quarter valued at approximately $25,000. Planned Solutions Inc. purchased a new position in RTX in the 4th quarter valued at approximately $30,000. Alaska Permanent Fund Corp acquired a new position in shares of RTX in the first quarter worth $42,000. Financial Gravity Asset Management Inc. increased its position in shares of RTX by 352.0% during the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after acquiring an additional 345 shares during the period. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of RTX in the fourth quarter valued at $38,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RTX has been the topic of several recent research reports. Citigroup upped their price target on RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. UBS Group upped their target price on shares of RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. TD Cowen lifted their price target on shares of RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 19th. Susquehanna increased their price objective on shares of RTX from $110.00 to $119.00 and gave the company a “positive” rating in a research report on Wednesday, April 24th. Finally, Bank of America boosted their target price on shares of RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $98.33.

Insider Buying and Selling at RTX

In other news, CEO Gregory Hayes sold 89,762 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total value of $9,105,457.28. Following the completion of the sale, the chief executive officer now owns 636,759 shares in the company, valued at approximately $64,592,832.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other RTX news, Director Robert Kelly Ortberg sold 10,295 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total value of $1,049,781.15. Following the completion of the transaction, the director now owns 129,120 shares in the company, valued at $13,166,366.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory Hayes sold 89,762 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the sale, the chief executive officer now owns 636,759 shares in the company, valued at $64,592,832.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 119,937 shares of company stock valued at $12,256,952. 0.13% of the stock is owned by company insiders.

RTX Stock Down 0.8 %

Shares of NYSE:RTX opened at $99.55 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.79. The stock has a market cap of $132.35 billion, a P/E ratio of 39.04, a P/E/G ratio of 1.76 and a beta of 0.82. RTX Co. has a 1-year low of $68.56 and a 1-year high of $108.65. The firm has a fifty day moving average price of $104.38 and a 200 day moving average price of $95.78.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The firm had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. The business’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company posted $1.22 earnings per share. Sell-side analysts predict that RTX Co. will post 5.39 EPS for the current year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Friday, August 16th will be given a $0.63 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a yield of 2.53%. RTX’s dividend payout ratio (DPR) is 98.82%.

RTX Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.